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Bulgaria to Launch 600 MW of Renewable Energy Capacities in 1 Year

Thursday, Apr 26, 2012

Around 350 MW of renewable energy capacities have been launched in the country since July 2011, according to Energy and Economy Minister Delyan Dobrev.

Speaking at a Tuesday conference titled "Green Energy", Dobrev explained that the capacity was expected to reach 500-600 MW by July 2012.

He added that new, possibly lower, prices of energy from renewable sources would be in force at that point.

Dobrev noted that the current renewable capacities of the country amounted to over 1000 MW and vowed double-digit percentage growth in installed capacities.

The Energy Minister specified that the efforts of the government were focused on encouraging investments in small installations powered by solar energy and biomass, as well as hydroelectric power plants.

Dobrev further insisted that the best place to build new capacities was near residential units in order to reduce transmission losses.

He stressed that Bulgaria had overfulfiled the interim targets set by the EU for electricity generation from renewable energy losses but refused to cite concrete figures.

Source: novinite.com